An earlier meeting in August sent clubs away to consider a levy which would ensure the future of national league football in the federation, which covers an area from Oamaru to Invercargill.
Those who attended the latest meeting agreed a presence was required in the national competition so that young players could benefit from national exposure.
The selection of Tristan Prattley and Darren Overton in New Zealand's Olympic training squad was cited as a good example of that exposure.
An Otago United budget was presented to allay fears regarding the club's erratic finances in recent years, and United chairman Dave Lamont assured the meeting that this season should present no insurmountable financial problems.
"Our operating budget has gone down from over $400,000 to a third of that," Lamont said.
"We still rely too heavily on monies received as grants, which make up 70% of our budget, and aim to rectify that situation."
Almost all other football federations support their national league sides with a player levy, and Canterbury was reported as having had severe financial difficulties until a player levy was applied.
Otago's financial issues are far from unique, and only two or three of the other national league franchises are without financial problems.
Club financial support for the Otago United side has not been good. This season, only 22 season tickets have been sold. However, having matches at the new Forsyth Barr Stadium is expected to attract a greater spread of spectators.
Otago United board member Phil Cunningham hopes the season ticket total can rise to 200 or more, and the anticipated player levy could bring in early funds to smooth the club's cash flow.
The suggested levy would be $10 for senior and masters players, and $5 for juniors.
"In an ideal world, we should be able to appoint coaching staff by April, then have them scout the winter competition for players capable of achieving national league skills," Cunningham said.
"In recent years we have made late coaching appointments, just before the ASB Premiership is due to start, and player preparation has suffered due to time constraints."
Footballsouth chairman Dougal McGowan recognised the value to southern football of a national league presence, as the tip of a pyramid of football coaching, which includes extensive junior coaching, clinics and academies, tours to Singapore for under-15s, the Milk Cup for under-17s, and on to the national youth league.
Next year's Milk Cup squad, which will compete in Northern Ireland in July, is also expected to provide high-level opposition, and to that end, the meeting discussed coach Neil Mackenzie's squad competing regularly in local senior football.
"This progressive structure is in place, and it can only get better," McGowan said.
"Having a team in the ASB Premiership gives thousands of aspiring young players a target to aim at."
Footballsouth will examine feedback from clubs in the new year, and then make a decision regarding the application of a levy.
